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ReadtheMarket - Supply and Demand with Price Action

  • #5,401
  • Sep 16, 2019 4:46am Sep 16, 2019 4:46am
Hi everyone,
I know it sounds old.

So there is someone said this way,
"FL is always FTR, but FTR is not always FL".

May be it will be better this way,
"FL is always important, but FTR ... You must look it cautiously is it true or not".

Of course important for them. Not for us.

I guess this note just for myself purpose. Note for me.
RIP RTM
  • #5,402
  • Sep 16, 2019 3:59pm Sep 16, 2019 3:59pm
Quoting hendzwoter
Hi everyone, I know it sounds old. So there is someone said this way, "FL is always FTR, but FTR is not always FL". May be it will be better this way, "FL is always important, but FTR ... You must look it cautiously is it true or not". Of course important for them. Not for us. I guess this note just for myself purpose. Note for me.
This makes perfect sense as a FL is indeed an FTR, but an FTR can appear anywhere on the chart. Therefore the important FTR will be the one that is a FL.
  • #5,403
  • Sep 17, 2019 12:36am Sep 17, 2019 12:36am
By the way,
How far we look for the setup?
I just do it on monthly to daily.

Is there any person here look for setup deeper? (I mean not QM of QM)
RIP RTM
  • #5,404
  • Edited 5:15am Sep 17, 2019 1:24am | Edited 5:15am
HTF will give you sense of direction on where price wants to go. So counter trend trading is only advisable if you have all of the confirms and PA in the right places. However, you can trade different scales within different timeframes. When you guys start to understand this concept and the components behind order flow your mind will be blown. This knowledge will change the entire way you look at the markets.
  • #5,405
  • Sep 17, 2019 4:27am Sep 17, 2019 4:27am
Would you tell me a little more about "components behind order flow" please?
Thx
  • #5,406
  • Sep 17, 2019 4:32am Sep 17, 2019 4:32am
Quoting FXSparta
Would you tell me a little more about "components behind order flow" please? Thx
May be it is something like supply become demand and demand become supply, swaping level (Resistance/Support), and something not work become work.

So it is QM.
RIP RTM
  • #5,407
  • Edited 5:47am Sep 17, 2019 5:07am | Edited 5:47am
Since the market is a controlled environment you must realize nothing happens by “accident” or “chance.” With that being said you guys have to understand “who” creates liquidity and how the ITs use it to their advantage to get their orders filled. It is purely a game of manipulation.

Understanding the fundamentals of Supply and Demand is key but the rabbit hole goes deeper. Ask yourself, what is it exactly that allows price to move the way it does? Whose allowing ITs to turn price at very specific levels? You can’t buy if anyone isn’t selling or vice versa. You have to really comprehend what PA or an engulf is and the purpose of it. It is a beautiful language that not many speak but it’s quite simple after you break it down to its finest molecule.

I’m essentially just rehashing everything selfcontrol has already said but it’s because I finally understand it. Once again, out of respect for him I cannot just give it all away. However, I assure you if you truly study his charts it will all start to make sense. After it all clicks there’s no turning back. I put in about 8hrs a day, repetitions will exploit patterns so keep that in mind.

What I did to enhance my understanding was I wrote the questions I needed answered. I answered the ones that I understood fairly well but the majority of the answers came from the charts. The markets will always respond but you have to reason it out so that it makes sense to you. Write everything so simply as if you were going to teach it to someone else. If you are able to teach it then that means you have a firm understanding. Everything will start to come together like a puzzle.

Remember, this is for YOUR understanding and not someone else’s.
  • #5,408
  • Sep 17, 2019 2:24pm Sep 17, 2019 2:24pm
Really fine tuning and putting emphasis on these zones. This happens over and over again.

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  • #5,409
  • Sep 18, 2019 5:02pm Sep 18, 2019 5:02pm
Quoting PrinceCharm
Really fine tuning and putting emphasis on these zones. This happens over and over again. {image}3442171 {image}
Is color really important?
I guess the order already got consumed by market but you still have reversal.
RIP RTM
  • #5,410
  • Sep 18, 2019 10:49pm Sep 18, 2019 10:49pm
Quoting hendzwoter
{quote} Is color really important? I guess the order already got consumed by market but you still have reversal.
What exactly do you mean by important color?

Also so there were still some clean orders left in that zone. However I wouldn’t call it a true reversal because price ultimately was still headed down. This was a prime example of counter trend like I stated in the recent post. As you can see the PA was there, you just have to know when to close your positions when doing so. Plan your trade and trade your plan.
  • #5,411
  • Sep 19, 2019 4:20am Sep 19, 2019 4:20am
Hi...
Actually this just paper trade.
Not sure how TT works.

This my TT.
Please comment...
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RIP RTM
  • #5,412
  • Sep 19, 2019 4:46pm Sep 19, 2019 4:46pm
Quoting PrinceCharm
HTF will give you sense of direction on where price wants to go. So counter trend trading is only advisable if you have all of the confirms and PA in the right places. However, you can trade different scales within different timeframes. When you guys start to understand this concept and the components behind order flow your mind will be blown. This knowledge will change the entire way you look at the markets.
What do you mean by scales? I always thought scales meant timeframes.
  • #5,413
  • Sep 19, 2019 10:04pm Sep 19, 2019 10:04pm
Quoting selfcontrol
{quote} First off I have never been in RTM nor taken any courses, so I wouldn't know what those key levels are. If I put myself in your shoes I would start by asking those questions to myself, then look to the charts for answers. "Why did he choose those levels to entry on?" and then I would re-engineer the chart. Then I would look at the other charts and re-engineer them all until it made sense to me based on my own findings. That way you also train your eyes and mind in the process. Another tip for the "drill down" question would be figure out...
Finally had a chance to review your new trades. Thanks for sharing, great stuff as always There are some supreme scaled trades in there. I'm curious, what is your "system" for tracking all your reads? Like do you just go over all your trades every day and semi-keep track of whats going on in your head? Do you only go down to, say H1 for zones, and look for confirmation below that? Im curious because i struggle alot with tracking which zones to trade between all the pairs, and often end up just getting lost (and forgetting because i have bad memory) and missing trades. Maybe i need a better routine of running through all the pairs because i tend to devolve into going ltf on a couple of pairs as the day wears on.
RIP RTM - long live Nonsense Trading
  • #5,414
  • Sep 20, 2019 4:03am Sep 20, 2019 4:03am
Hi Selfcontrol,
Thanks for the charts as usual.
I'm looking at your AUDCAD trade. Your narrow buy band ties in with the Left Shoulder in the chart. On other platforms I've seen the LS only dipped as far as 0.8914. Through RTM teaching we are told that the LS (and future kink on it) are significant. I know you've stated that you don't completely follow RTM rules, but can I just ask if that buying zone has a relation to the LS in this trade or not? The last time prices were in this zone were obviously 2010, but I'm inclined to think you took this trade purely based on the way price started rising after hitting 0.8890

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  • #5,415
  • Sep 21, 2019 3:34am Sep 21, 2019 3:34am
Quoting snf
{quote} What do you mean by scales? I always thought scales meant timeframes.
In the grand scheme of things that is what it means essentially.

Also, regarding where to spot PA for analysis think about this for a second. Let’s say you see it on Daily, you can trade it specifically on Daily because that’s where it occurred. So HTF is showing you where price is going, it always has the stronger bias. If you see PA on M30 then you trade on that specific timeframe. Going down to M1 gives you the entry to the very pip and increases the risk reward dramatically. So you should always make it a habit to refine those HTF zones to get the best entries.

The only thing that really changes is your TP margins. Simply because price can make a deep retrace back to get other orders, so every trade isn’t necessarily a swing. You can TP at the origin of said moves or if you’re around to witness PA then you can TP at the next zone, etc.
  • #5,416
  • Sep 21, 2019 5:11am Sep 21, 2019 5:11am
Quoting hendzwoter
Hi everyone, I know it sounds old. So there is someone said this way, "FL is always FTR, but FTR is not always FL". May be it will be better this way, "FL is always important, but FTR ... You must look it cautiously is it true or not". Of course important for them. Not for us. I guess this note just for myself purpose. Note for me.
I guess I am wrong.

Both are just valid.
Learning....
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RIP RTM
  • #5,417
  • Sep 21, 2019 7:19am Sep 21, 2019 7:19am
hi hendzwoter,

I sure you are fine with your profitable trade, do you have any material regarding rtm academy by chance for us little poor guy who does not have a chance to join this forum before?
I APPRECIATE IN ADVANCE
this is my email[email protected]
  • #5,418
  • Sep 21, 2019 10:56am Sep 21, 2019 10:56am
Quoting parsa.ma
hi hendzwoter, I sure you are fine with your profitable trade, do you have any material regarding rtm academy by chance for us little poor guy who does not have a chance to join this forum before? I APPRECIATE IN ADVANCE this is my email[email protected]
Unfortunately, we are just same.
RIP RTM
  • #5,419
  • Sep 21, 2019 2:38pm Sep 21, 2019 2:38pm
Quoting Tibetian
{quote} I don't need to learn from you because you haven't shown any proof that you can actually trade as good as you claim you are. Apparently you tried to make money by teaching forex. I knew people who had access to your videos and they told me they are disastrous. If you want people to believe you, simple, open an account at myfxbook, open a live forex account, put 50k in it, link two together, let people see your results after one month. Hey if you are on it you and I can even have a little contest for a month to see who trades better. Don't...
are you serious? I think this a dead thread, since their main member like Ifmaynet they are no longer support this forum. guess why? because they will charge 20000 euro for their previously free courses. so please somebody do something for us less fortunate traders who join these forum so many years ago. and again guess whay I am angry cuz previous apparent fellow traders who claim significant IF and flattered him they are no longer show themselves in this RTM house, they do not need to comeback here to give some contribution to new traders they licked up every informations and left us new traders with only the Myth that someday there is a hero lived here and we call him God of Forex then suddenly he changed his mind to get paid for his teaches.
I will ask If why cuz you eliminate every posts in your previous websites?
why people who taught from him in years ago, Now not showing themselves here to help other less fortunate traders who are not affording RTM 20000 euro worth classes?
IFmaynet are you hearing me? life is so mortal and fragile? be what you were in the past
  • #5,420
  • Sep 22, 2019 12:07am Sep 22, 2019 12:07am
Quoting PrinceCharm
{quote} In the grand scheme of things that is what it means essentially. Also, regarding where to spot PA for analysis think about this for a second. Let’s say you see it on Daily, you can trade it specifically on Daily because that’s where it occurred. So HTF is showing you where price is going, it always has the stronger bias. If you see PA on M30 then you trade on that specific timeframe. Going down to M1 gives you the entry to the very pip and increases the risk reward dramatically. So you should always make it a habit to refine those HTF zones...
Thank you for taking the time to explain. I'm still trying to grasp all the concepts of price reading and I must say it is a lot to mentally digest.

I'm still trying to accurately tie in the lower timeframe PA into the higher timeframe trades. Based on what you said above, is there always going to be PA on the M1 timeframe or will there be times where the PA only goes as low as say the M5 or the M15?
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